Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated over 9 years ago,
First time post - Need advice
I have a property that I have been renting for about 2 years now and the current renters are attempting to purchase the property. After a long negotiation we have came to a mutually agreeable price however, due to their current situation (finalizing a divorce) they wont be able to go through with the purchase for about 6 months. I would like to lock this in to prevent this negotiation from going back and forth over the next 6 months. Should I have them sign an option agreement or would I be able to do an actual purchase agreement this far out? Appreciate any advice.